Afreximbank poised to help Senegal raise $500m

The African Export-Import Bank (Afreximbank) is in advanced discussion with Senegal’s oil refiner to raise $500 million in syndicated finance, a senior official of the bank told Reuters. The funds will be used to upgrade the company’s old refinery. Société Africaine de Raffinage (SAR), is the oldest refinery of West Africa. The company has recently […]

Promising Prospects for Moroccan-Indonesian Economic Ties, The Jakarta Post says

Indonesian daily, The Jakarta Post, wrote on Sunday about the promising prospects for the development of economic ties between Indonesia and Morocco, which the paper described as a “regional power in North Africa.” Morocco is a “promising market as well as a gateway to both African and European countries for Indonesian products and investment, as […]

Africa’s digital development needs boost from AfCFTA, import duties cuts — World Bank

African countries face higher tariffs and tend to import relatively low-quality digital goods compared to other regions, especially in low-income nations, a recent research by World Bank economists has found. Despite relying heavily on imports, tariffs that African countries impose on imported digital goods are about three times higher than other regions, the research has […]